5529 Dairy Ave, Long Beach, CA, 90805
About This Home
Huge 650k Price Reduction! Once in a lifetime 100% Renovated 10-unit Master-leased opportunity and cash flowing at an impressive 7% Cap Rate from Day 1! The offering provides investors with a turnkey opportunity to purchase a premium asset where every single unit was vacated, completely renovated and leased at market rent. The building was entirely stripped to the studs and thoroughly renovated with permits featuring a new roof, electrical system, plumbing, HVAC, water heaters, and windows. Other upgrades include new cabinets, modern countertops, new flooring, recessed lighting, updated bathrooms with new vanities and sleek bathtubs, and stainless-steel appliances. The offering brings a diverse unit mix consisting of 5 (1bed/1bath) units and 5 (2bed/1bath) units including 3 brand-new ADUs. The property is separately metered for gas and electrical utilities and each unit has its own individual water heater to further reduce operating costs. Located in prime North Long Beach just minutes from the beach, offering investors the opportunity to acquire a low-maintenance asset in a coastal rental market without premium coastal pricing! Majority of the units are master-leased by a single organization providing guaranteed cash flow and minimal vacancies. (Similar to a hassle-free NNN deal with stable income and more limited landlord responsibilities with ease of management and rent collection).
Getting Around
Very Walkable
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1964
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Refrigerator,Range/Oven
Bedrooms & Bathrooms
- Bedrooms: 15
- Bathrooms: 10
Heating & Cooling
- Heating features: Wall
- Cooling features: Ceiling Fan(s)
Interior Area
- Total structure area: 5,765
- Total interior livable area: 5,765 sqft
Property
Details
- Parcel number: 7126025019
- Zoning: LBR1N
- Special condition: Standard
Features
- Levels: Two
Lot
- Lot size: 5,431 sqft
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Inland Flooding
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $16,939 | $203,268 |
| Home Insurance * | $476 | $5,712 |
| Property Taxes | $1,870 | $22,440 |
| Electricity | $1,236 | $14,834 |
| Total | $20,521 | $246,252 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-12 | Price change | $3,350,000 |
| 2026-04-08 | Listed for sale | $3,550,000 |
| 2026-04-02 | Listing removed | $3,550,000 |
| 2026-03-05 | Price change | $3,550,000 |
| 2026-02-03 | Listed for sale | $3,695,000 |
| 2026-02-03 | Listing removed | $3,695,000 |
| 2026-01-07 | Price change | $3,695,000 |
| 2025-12-05 | Listed for sale | $3,795,000 |
| 2025-12-02 | Listing removed | $3,795,000 |
| 2025-10-29 | Price change | $3,795,000 |
| 2025-09-18 | Listed for sale | $3,995,000 |
| 2023-05-16 | Listing removed | -- |
| 2023-02-13 | Listed for sale | $3,995,000 |
| 2023-02-08 | Listing removed | -- |
| 2023-01-20 | Listed for sale | $3,895,000 |
| 2014-09-11 | Sold | $925,000 |
| 2012-08-04 | Sold | $600,000 |
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